Rainscreen Cladding Market Research Report 2020, Share, Insights, Row Material, Applications & Forecast till 2027
Global Rainscreen Cladding Market
Rainscreen cladding is defined as an external layer of
water-shedding material which is frequently placed outside buildings. The
cladding panels are made from a various materials including copper, zinc,
aluminum, and stainless steel. It can protect the outer wall of a building from
rainwater & prevents it from penetrating in the interiors of the buildings.
Also, it is an effective siding or cladding system for enveloping old and new
construction.
The expansion of the construction industry is expected to
drive the global rainscreen cladding market growth during this forecast period.
The construction sector is the largest consumer of raw materials across the
globe. The industry is expected to expand at 4.2% per year in terms of market
share, due to the growth in non-residential, residential and infrastructure
projects. The increase in demand in commercial and residential applications for
improved aesthetics & weather resistance is expected to propel the target
market growth.
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Key players seek for continuous research and development activities
to create unique panels & facades, which can provide enhanced moisture
barrier properties. The performance & price of the rainscreen cladding is
dependent on panel type insulation & framework used for the structure.
These products strictly need to follow the standards set by the governing
authorities across the various regions.
The growing construction spending especially for
non-residential applications like commercial sectors, and office is expected to
boost the adoption of rainscreen cladding in near future.
The high raw material and installation cost is expected to
hamper the global rainscreen cladding market growth. Also, a major drawback in
the design of these solutions is their inability to tackle gradients of air
pressure which may hinder the market growth.
Market Segmentation
The Global Rainscreen Cladding Market is segmented into raw
material such as Composite Material, Fiber Cement, Metal, High Pressure
Laminates, Terracotta, Ceramic, and Others. Further, market is segmented into
application such as Commercial, Residential, Offices, Institutional, and
Industrial.
Also, the Global Rainscreen Cladding Market is segmented
into five regions such as North America, Latin America, Europe, Asia Pacific,
and Middle East & Africa.
Regional Analysis
Europe is expected to hold the largest market share due to
favorable government guidelines by EU with huge investment in residential &
non-residential projects. Also, the North America is expected to hold second
largest market share due to government initiatives for infrastructure &
commercial projects is expected to propel the regional market growth. The rapid
growth of single-family constructions is anticipated to have a positive impact
on the industry in this region.
Market key
Players
Various key players are discussed in this report such as
Rockwool International A/S, SIKA, Everest Industries Limited, SFS Group AG,
Sotech Architectural Façade Systems, Promat UK Ltd., CGL Façades Ltd, Celotex
Ltd., ECO Earth Solutions Pvt Ltd, etc.
Market Taxonomy
By Raw Material
·
Composite Material
·
Fiber Cement
·
Metal
·
High Pressure Laminates
·
Terracotta
·
Ceramic
·
Others
By Application
·
Commercial
·
Residential
·
Offices
·
Institutional
·
Industrial
By Region
·
North America
·
Latin America
·
Europe
·
Asia Pacific
·
Middle East & Africa
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